The Chart of the Day… From ZeroHedge – found this chart quite interesting… Quick Glance at the Market Heat Map and Industries Notables: Obviously everything was green on a day like Friday, unless you’re...
Read MoreMy brother asked me near the end of 2011 what my top pick for 2012 was, and I told him that everything I was looking at pointed to 2012 being a very strong year for the US Dollar (USD). I added that it was hard to say where that...
Read MoreFurther to my last weekly market update, here is my commentary on the long, medium, and short-term trend/risk appetite of the 4 Major Indices and 9 Major Sectors relative to their Monthly, Weekly, and Daily charts, respectively....
Read MoreAll the talk this year of “QE and monetary stimulus” and yet no action from any of the three major world economies makes me think that each one is waiting for the other to reach into their pocket first and fund what...
Read More$SPY reached R3 on 135.76. Could still run a bit, but any current strength should be shorted as a scalp trade into the close. This is not the time to get sucked in. What may look like a good and ideal position to swing, could...
Read More$SPY ran too much at the open, and so far 135.76 is resistance # 3, so I do think we might sell into the close. Please be careful with any longs. I do think that if you did not get long yesterday, you may be chasing today....
Read MoreMoments before this post I jumped in Cobalt International Energy (CIE) at $24.22. One of the plays in this current market that has done exceedingly well for me have been the breakouts from support, and then waiting for a few...
Read More$SPY opening higher as a follow through of yesterday’s bounce. We also had economic data coming out this morning Producer prices were up 0.1% which was above the expectations of 0.3% drop. We also had ex-food and energy up...
Read MoreData released Thursday night shows a marked downtrend in place in China from 2010 on GDP, Fixed Asset Investment, Industrial Production, and from 2008 on Retail Sales, as shown on the graphs below. In fact, the numbers for Fixed...
Read MorePre-market update (updated 8:00am eastern): European markets are trading 0.9% higher. Asian markets traded in a mixed/flat manner. US Markets are slightly higher heading into the open. Economic reports due out (all times are...
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